Kering shares rise after report Renault's De Meo to become new boss
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Kering shares rose 5% after reports of Luca de Meo becoming the new CEO. Renault shares dropped 3% as de Meo plans to leave mid-July.
MILAN (Reuters) -Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.
Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
Kering shares rose after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker.
Kering shares gained around 5% on the trading platform Tradegate.
Renault shares fell around 3% after the announcement regarding de Meo's departure.
Luca de Meo will leave Renault in mid-July, as confirmed by the company.
The news about Luca de Meo becoming the new CEO of Kering was reported by Le Figaro.
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